JPMorgan Chase & Co. (JPM)

JPMorgan Chase Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Quarter	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021	Q4 2020	Q3 2020	Q2 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020
Interest Income on Loans	46,853	47,566	50,416	48,513	47,438	47,384	44,556	41,644	37,004	33,054	25,611	18,646	15,496	15,019	14,480	14,094	14,271	14,550	14,700	16,112
Interest Paid on Deposits	23,580	24,216	27,011	25,767	24,356	23,333	21,830	19,865	16,293	12,862	8,093	3,518	1,624	1,418	1,400	1,353	1,382	1,292	1,687	2,259
Net Interest Income	23,273	23,350	23,405	22,746	23,082	24,051	22,726	21,779	20,711	20,192	17,518	15,128	13,872	13,601	13,080	12,741	12,889	13,258	13,013	13,853
Net Interest Income Growth (YoY)	0.83%	-2.92%	2.99%	4.44%	11.45%	19.11%	29.73%	43.96%	49.30%	48.46%	33.93%	18.73%	7.63%	2.59%	0.52%	-8.03%	-10.73%	-6.41%	-8.54%	-3.79%
Trust Income	4,700	4,874	4,479	4,302	4,146	4,077	3,904	3,774	3,465	3,432	3,495	3,517	3,652	5,549	5,257	5,194	5,029	4,901	4,470	4,266
Mortgage Banking Activities	278	376	402	348	275	263	414	278	221	98	314	378	460	315	600	551	704	767	1,087	917
Income From Trading Activities	7,614	5,195	5,988	6,814	6,790	3,725	6,210	6,910	7,615	4,434	5,383	4,990	5,105	2,182	3,546	4,076	6,500	3,321	4,142	7,621
Gain (Loss) on Sale of Assets	-	-	-	-	-	-	-	-	-	-8	-	-	-	-7	-	-	-	6	-	-
Gain (Loss) on Sale of Investments	-3	-95	-124	-656	-405	-924	-952	-932	-929	-1,684	-1,035	-540	-18	233	-166	-53	20	91	475	21
Other Non-Interest Income	9,448	9,068	8,504	16,527	8,062	7,080	7,472	6,786	7,266	8,075	7,041	7,242	7,646	7,377	7,330	7,970	7,124	6,991	6,068	6,397
Total Non-Interest Income	22,037	19,418	19,249	27,335	18,868	14,221	17,048	16,816	17,638	14,347	15,198	15,587	16,845	15,649	16,567	17,738	19,377	16,077	16,242	19,222
Non-Interest Income Growth (YoY)	16.80%	36.55%	12.91%	62.55%	6.97%	-0.88%	12.17%	7.89%	4.71%	-8.32%	-8.26%	-12.13%	-13.07%	-2.66%	2.00%	-7.72%	39.94%	13.88%	7.83%	33.96%
Revenues Before Loan Losses	45,310	42,768	42,654	50,081	41,950	38,272	39,774	38,595	38,349	34,539	32,716	30,715	30,717	29,250	29,647	30,479	32,266	29,335	29,255	33,075
Provision for Loan Losses	3,305	2,631	3,111	3,052	1,884	2,762	1,384	2,899	2,275	2,288	1,537	1,101	1,463	-1,288	-1,527	-2,285	-4,156	-1,889	611	10,473
Revenue	42,005	40,137	39,543	47,029	40,066	35,510	38,390	35,696	36,074	32,251	31,179	29,614	29,254	30,538	31,174	32,764	36,422	31,224	28,644	22,602
Revenue Growth (YoY)	4.84%	13.03%	3.00%	31.75%	11.07%	10.11%	23.13%	20.54%	23.31%	5.61%	0.02%	-9.61%	-19.68%	-2.20%	8.83%	44.96%	82.10%	16.26%	3.12%	-18.10%
Salaries and Employee Benefits	13,040	11,696	11,968	12,009	12,180	11,216	10,944	10,382	10,806	9,524	9,855	9,482	9,981	8,401	8,469	9,071	9,697	7,470	8,109	8,707
Selling, General & Administrative	9,076	8,940	8,592	8,582	8,278	8,152	8,111	7,854	7,662	7,757	7,710	7,674	7,792	7,977	7,435	7,332	7,492	7,235	6,875	6,952
Other Non-Interest Expense	1,683	2,247	1,668	2,644	1,646	2,419	2,037	2,166	1,463	1,972	1,566	1,520	1,299	1,366	1,083	1,079	1,508	1,067	1,367	1,165
Total Non-Interest Expense	23,799	22,883	22,228	23,235	22,104	21,787	21,092	20,402	19,931	19,253	19,131	18,676	19,072	17,744	16,987	17,482	18,697	15,772	16,351	16,824
EBT Excluding Unusual Items	18,206	17,254	17,315	23,794	17,962	13,723	17,298	15,294	16,143	12,998	12,048	10,938	10,182	12,794	14,187	15,282	17,725	15,452	12,293	5,778
Legal Settlements	-121	504	-259	-317	72	1,261	-665	-420	-176	239	-47	-73	-119	-137	-76	-185	-28	-276	-524	-118
Other Unusual Items	323	-	-	119	-741	-2,598	100	2,712	-	-	-	-	-	-	-	-	-	-	-	-
Pretax Income	18,408	17,375	16,978	23,435	17,293	11,326	16,733	17,586	15,967	13,237	12,001	10,865	10,063	12,657	14,111	15,097	17,697	15,176	11,769	5,660
Income Tax Expense	3,765	3,370	4,080	5,286	3,874	2,019	3,582	3,114	3,345	2,229	2,264	2,216	1,781	2,258	2,424	3,149	3,397	3,040	2,326	973
Net Income	14,643	14,005	12,898	18,149	13,419	9,307	13,151	14,472	12,622	11,008	9,737	8,649	8,282	10,399	11,687	11,948	14,300	12,136	9,443	4,687
Preferred Dividends & Other Adjustments	326	336	361	431	477	436	466	461	429	411	482	454	437	472	458	452	449	438	428	422
Net Income to Common	14,317	13,669	12,537	17,718	12,942	8,871	12,685	14,011	12,193	10,597	9,255	8,195	7,845	9,927	11,229	11,496	13,851	11,698	9,015	4,265
Net Income Growth	9.12%	50.48%	-1.92%	25.41%	6.31%	-15.45%	35.06%	67.33%	52.40%	5.86%	-16.68%	-27.61%	-42.08%	-14.31%	23.76%	154.92%	399.13%	42.44%	4.00%	-51.44%
Basic Shares Outstanding	2,819	2,837	2,861	2,890	2,908	2,914	2,928	2,944	2,969	2,963	2,961	2,962	2,977	2,977	3,000	3,037	3,074	3,080	3,078	3,076
Diluted Shares Outstanding	2,824	2,842	2,866	2,895	2,913	2,919	2,932	2,948	2,973	2,967	2,965	2,966	2,981	2,982	3,005	3,042	3,079	3,085	3,083	3,081
Shares Change (YoY)	-3.04%	-2.63%	-2.26%	-1.81%	-2.02%	-1.62%	-1.12%	-0.61%	-0.28%	-0.49%	-1.32%	-2.48%	-3.18%	-3.35%	-2.52%	-1.27%	-0.70%	-2.01%	-3.88%	-5.48%
EPS (Basic)	5.08	4.82	4.38	6.13	4.45	3.04	4.33	4.76	4.11	3.58	3.13	2.77	2.64	3.33	3.74	3.79	4.51	3.80	2.93	1.39
EPS (Diluted)	5.07	4.81	4.37	6.12	4.44	3.04	4.33	4.75	4.10	3.58	3.12	2.76	2.63	3.33	3.74	3.78	4.50	3.79	2.92	1.38
EPS Growth	14.19%	58.18%	0.92%	28.84%	8.29%	-15.02%	38.78%	72.10%	55.89%	7.43%	-16.58%	-26.98%	-41.56%	-12.19%	28.08%	173.91%	472.61%	47.80%	8.96%	-51.06%
Dividend Per Share	1.400	1.250	1.250	1.150	1.150	1.050	1.050	1.000	1.000	1.000	1.000	1.000	1.000	1.000	1.000	0.900	0.900	0.900	0.900	0.900
Dividend Growth	21.74%	19.05%	19.05%	15.00%	15.00%	5.00%	5.00%	-	-	-	-	11.11%	11.11%	11.11%	11.11%	-	-	-	-	12.50%
Effective Tax Rate	20.45%	19.40%	24.03%	22.56%	22.40%	17.83%	21.41%	17.71%	20.95%	16.84%	18.87%	20.40%	17.70%	17.84%	17.18%	20.86%	19.20%	20.03%	19.76%	17.19%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q